denotes premium content | Dec 1 2008 
News
posted 27 Aug 2008
Deal news
Calyon and RBS lead Gazprom syndication
Russian energy giant Gazprom has returned to the syndicated loan market with a $500m package put together by mandated lead arrangers and bookrunners Calyon and Royal Bank of Scotland.
The five-year facility will be used to finance construction of a gas and chemical complex in Siberia on behalf of the wholly-owned Gazprom subsidiary Novy Urengoy Gas and Chemical Complex, as well as to refinance some existing debt.
It is the first time the company has entered the syndicated loan market since it concluded a $2bn facility in April 2007 to refinance the acquisition of a controlling stake in the oil and gas consortium Sakhalin Energy.
However, it also secured $5.3bn in project financing in June 2008 to fund phase two of the Sakhalin-II development.
